Ablation Technology Market

01

Executive Summary

Global Ablation Technology Market Size, 2017-2026 (USD Billion)

The global ablation technology market size is expected to grow from USD 4.46 billion in 2020 to USD 7.57 billion by 2026 at a CAGR of 9.2%.

A growing number of older people are also conducting targeted cases and contributing to the need for effective treatment. However, re-use and re-processing of devices in developed countries and poor regulatory environment are key factors that limit the growth of this market. Product memory and therapeutic challenges related to the effectiveness of discount products are important challenges that industry players face in the global ablation technology market.

The impact of the coronavirus epidemic and the resulting lockdown closure is being felt in a variety of industries, including the money technology market. The full growth of the various sectors has had a major impact, especially in countries with a high rate of COVID-19 cases, such as China, the US, and several European countries (Russia, Italy, and Spain, among others). While industries such as oil and gas, aeronautics, and mining are experiencing a sharp decline in revenue, health, biotechnology, and pharmaceutical industries are making the situation work for a higher number of patients and health workers.

The ablation technology market has seen business losses, and this trend continued until the end of December 2020. Negative changes in laws and guidelines hamper the growth of the industry. Major regulatory authorities around the world (such as the CDC, WHO, MHRA, TGA, and EMA) have indicated that cancer patients are at greater risk of COVID-19 infection than healthy adults. Therefore, tests, diagnostic tests, and surgical procedures are severely limited or postponed in hospitals and cancer care facilities. This is expected to create disruption in the market of ablation technology.

In recent years, the need for less invasive procedures has increased dramatically because of the benefits that these procedures offer over traditional therapies — fewer surgical complications, short hospital stays, minor pain, minor cuts and cosmetics, reduced risk of infection, reduction. postoperative care, and speedy recovery. Slower invasive procedures use advanced technology to diagnose and treat a variety of ailments, including cancer. These procedures are used to remove cancerous tissue and lymph nodes without scarring. Small-scale techniques come in and help surgeons collect tissue biopsies and accurate studies. This helps surgeons to develop more effective and accurate cancer treatment programs.

The adoption of less ambitious strategies also leads to significant cost savings. A news article published on March 25, 2015, in JAMA (Journal of the American Medical Association), states that a study by researchers at John Hopkins Medicine, a branch of John Hopkins University (US), shows that American hospitals can save together USD 280 million and USD 340 million per year by performing MIS procedures instead of traditional surgery. Since ablation is one of the most widely used low-dose treatments for tissue, AF, and uterine fibroids, the increasing demand for less invasive surgical procedures will increase the number of procedures and contribute to market growth.

The discovery of effective first-line therapies for the treatment of liver cancer, uterine fibroids, hemorrhagic stroke, and other bleeding disorders is an important obstacle to market growth. For example, alternative therapies such as surgery, chemotherapy, and radiation are preferred for cancer treatment because of the high level of individual information about traditional cancer treatment, low acceptance of advanced treatment options (especially in developing countries), and reluctance among oncologists to abandon conventional treatment options.

Emerging markets, including India, China, Mexico, and Brazil, offer great opportunities for growth in the technology market, due to factors such as stakeholder programs in all of these countries, low trade barriers, continuous improvement in health care infrastructure, patient growth, low process costs. compared to disease treatment (compared to developed countries), strict regulatory policies, low competition, and rising health care costs. In addition, these regions have reported an increase in the incidence and prevalence of life-threatening diseases such as heart disease and cancer

According to FDA and EU guidelines, ablation catheters are listed as single-use devices (SUDs). However, the high cost of each unit and the limited reimbursement have led to re-processing and re-use in hospitals with budget constraints. The costs incurred by the hospital / surgical center for recycling and reuse are less than 10% compared to the cost of a new withdrawal device, reducing the total cost of the procedure by about 50%. Germany is among the most important European countries that allow the reuse of SUDs (including catheter ablation), as long as the devices are reconsidered in accordance with regulatory guidelines. In addition, the US is also well on its way to reviewing SUDs — in line with current FDA approvals, fully utilizing a single device use could save US health care more than USD 700 million (Source: MPO Conference, 2021)

By application, the ablation technology market is divided into major categories - cardiovascular disease treatment, cancer treatment, ophthalmological treatment, pain management, gynecological treatment, urological treatment, orthopedic treatment, cosmetic/aesthetic surgery, and other applications. Disease growth and technological advancement in the sector will boost the market growth.

By product, the global ablation technology market is divided into light/laser ablators, radiofrequency ablators, ultrasound ablators, electrical ablators, cryoablation devices, microwave ablators, and hydrothermal ablators/hydromechanical ablators. Each product category is categorized based on applications or sources of energy. A large part of the radiofrequency ablators segment is due to the introduction of novel products by major market players and the increasing adoption of RF ablation technology to treat various conditions, such as cancer, heart disease, and eye diseases.

By type of energy source, the global ablation technology market is divided into light/laser, radiofrequency (RF), electrical, ultrasound, microwave, cryotherapy, and hydrothermal/hydromechanical ablation technology. The low cost of radiofrequency ablation, its easy use, and the increasing geriatric population lead to a growing market for the radio frequency ablation market.

The ablation technology market, by end-user, is divided into hospitals, surgical centers, and ablation centers, ambulatory surgical centers (ASCs), medical spas & aesthetic centers, and other end users. The increase in the number of cancers, sports injuries, and heart conditions is driving the growth of the ablation technology market of hospitals, surgical centers, and ablation centers segment.

The ablation technology market covers five key regions - North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. In 2020, the Asia Pacific region provided significant opportunities for the growth of the ablation technology market. Market growth in the Asia Pacific can be attributed to increased incidence and prevalence of cancer and heart conditions, technological advances in ablation technology, which increases awareness of less aggressive strategies and opportunities for emerging markets.

The prominent players in the ablation technology market are Johnson & Johnson (US), Medtronic, plc. (Ireland), Abbott (US), Boston Scientific Corporation (US), CONMED Corporation (US), Dornier MedTech (Germany), AngioDynamics, Inc. (US), AtriCure, Inc. (US), Varian Medical Systems (UK), Smith & Nephew plc (UK), Olympus Corporation (Japan), Stryker (US), Cynosure (US) and InMode (US).

Revenue Share (%), By Type (2019)
Revenue Share (%), By Product (2019)
Revenue Share (%), By Application (2019)
Revenue Share (%), By Region (2019)

02

Market Overview

The base currency considered was the US Dollar (USD). Conversion of other currencies to USD was considered on the basis of the average exchange rate for the respective review-period years. The exchange rate conversion for forecast period was determined according to the base year’s conversion rates.
The base year was identified based on the availability of annual reports and secondary information. The base year considered for this study is 2027.
The review period considered for this study is from 2018-2027. The CAGR is for the forecast period, 2022-2027.
Market size estimations for the forecast years were in real terms. Inflation is not part of the pricing, and the average selling price (ASP) was kept constant throughout the forecast period for each country.
Distribution of primary interviews conducted was based on the regional share of the market and the presence of key players in each region.
As a result of data triangulation through multiple methodologies and approaches, the weighted averages of resulting estimates were considered to be the final values.

The currency used in this report is USD, with the market size indicated in terms of USD million/billion.
For companies reporting their revenues in USD, the revenues were taken from their respective annual reports/SEC filings.
For companies reporting their revenues in other currencies, the average annual currency conversion rates were used for a particular year to convert the value to USD Market Definition.

03

By Product

By Product, The global Ablation Technology Market analysis covers Cryoablation Devices, Electrical Ablators, Hydrothermal Ablators, Laser/Light Ablators, Microwave Ablators, Radiofrequency Ablators, Ultrasound Ablators.

The Cryoablation Devices segment market was valued at US$ XX Mn in 2019 and grown at XX% CAGR over the historic years (2019 - 2027) to reach US$ XX Mn and is projected to grow at XX% CAGR over the forecast period to reach US$ XX Mn by 2027. The market represented the US$ XX Mn opportunity over 2019 - 2027 and estimated to create US$ XX Mn opportunity over 2019 - 2027.

Cryoablation Devices: global Ablation Technology Market Revenue Opportunity (Us$ Mn)

The Electrical Ablators segment market was valued at US$ XX Mn in 2019 and grown at XX% CAGR over the historic years (2019 - 2027) to reach US$ XX Mn and is projected to grow at XX% CAGR over the forecast period to reach US$ XX Mn by 2027. The market represented the US$ XX Mn opportunity over 2019 - 2027 and estimated to create US$ XX Mn opportunity over 2019 - 2027.

Electrical Ablators: global Ablation Technology Market Revenue Opportunity (Us$ Mn)

The Hydrothermal Ablators segment market was valued at US$ XX Mn in 2019 and grown at XX% CAGR over the historic years (2019 - 2027) to reach US$ XX Mn and is projected to grow at XX% CAGR over the forecast period to reach US$ XX Mn by 2027. The market represented the US$ XX Mn opportunity over 2019 - 2027 and estimated to create US$ XX Mn opportunity over 2019 - 2027.

Hydrothermal Ablators: global Ablation Technology Market Revenue Opportunity (Us$ Mn)

The Laser/Light Ablators segment market was valued at US$ XX Mn in 2019 and grown at XX% CAGR over the historic years (2019 - 2027) to reach US$ XX Mn and is projected to grow at XX% CAGR over the forecast period to reach US$ XX Mn by 2027. The market represented the US$ XX Mn opportunity over 2019 - 2027 and estimated to create US$ XX Mn opportunity over 2019 - 2027.

Laser/Light Ablators: global Ablation Technology Market Revenue Opportunity (Us$ Mn)

The Microwave Ablators segment market was valued at US$ XX Mn in 2019 and grown at XX% CAGR over the historic years (2019 - 2027) to reach US$ XX Mn and is projected to grow at XX% CAGR over the forecast period to reach US$ XX Mn by 2027. The market represented the US$ XX Mn opportunity over 2019 - 2027 and estimated to create US$ XX Mn opportunity over 2019 - 2027.

Microwave Ablators: global Ablation Technology Market Revenue Opportunity (Us$ Mn)

The Radiofrequency Ablators segment market was valued at US$ XX Mn in 2019 and grown at XX% CAGR over the historic years (2019 - 2027) to reach US$ XX Mn and is projected to grow at XX% CAGR over the forecast period to reach US$ XX Mn by 2027. The market represented the US$ XX Mn opportunity over 2019 - 2027 and estimated to create US$ XX Mn opportunity over 2019 - 2027.

Radiofrequency Ablators: global Ablation Technology Market Revenue Opportunity (Us$ Mn)

The Ultrasound Ablators segment market was valued at US$ XX Mn in 2019 and grown at XX% CAGR over the historic years (2019 - 2027) to reach US$ XX Mn and is projected to grow at XX% CAGR over the forecast period to reach US$ XX Mn by 2027. The market represented the US$ XX Mn opportunity over 2019 - 2027 and estimated to create US$ XX Mn opportunity over 2019 - 2027.

Ultrasound Ablators: global Ablation Technology Market Revenue Opportunity (Us$ Mn)

04

By Application

By Application, The global Ablation Technology Market analysis covers Cancer Treatment, Cardiovascular Disease Treatment, Cosmetic/ Aesthetic Surgery, Gynecological Treatment, Ophthalmologic Treatment, Orthopedic Treatment, Other Treatments, Pain Management, Urological Treatment.

The Cancer Treatment segment market was valued at US$ XX Mn in 2019 and grown at XX% CAGR over the historic years (2019 - 2027) to reach US$ XX Mn and is projected to grow at XX% CAGR over the forecast period to reach US$ XX Mn by 2027. The market represented the US$ XX Mn opportunity over 2019 - 2027 and estimated to create US$ XX Mn opportunity over 2019 - 2027.

Cancer Treatment: global Ablation Technology Market Revenue Opportunity (Us$ Mn)

The Cardiovascular Disease Treatment segment market was valued at US$ XX Mn in 2019 and grown at XX% CAGR over the historic years (2019 - 2027) to reach US$ XX Mn and is projected to grow at XX% CAGR over the forecast period to reach US$ XX Mn by 2027. The market represented the US$ XX Mn opportunity over 2019 - 2027 and estimated to create US$ XX Mn opportunity over 2019 - 2027.

Cardiovascular Disease Treatment: global Ablation Technology Market Revenue Opportunity (Us$ Mn)

The Cosmetic/ Aesthetic Surgery segment market was valued at US$ XX Mn in 2019 and grown at XX% CAGR over the historic years (2019 - 2027) to reach US$ XX Mn and is projected to grow at XX% CAGR over the forecast period to reach US$ XX Mn by 2027. The market represented the US$ XX Mn opportunity over 2019 - 2027 and estimated to create US$ XX Mn opportunity over 2019 - 2027.

Cosmetic/ Aesthetic Surgery: global Ablation Technology Market Revenue Opportunity (Us$ Mn)

The Gynecological Treatment segment market was valued at US$ XX Mn in 2019 and grown at XX% CAGR over the historic years (2019 - 2027) to reach US$ XX Mn and is projected to grow at XX% CAGR over the forecast period to reach US$ XX Mn by 2027. The market represented the US$ XX Mn opportunity over 2019 - 2027 and estimated to create US$ XX Mn opportunity over 2019 - 2027.

Gynecological Treatment: global Ablation Technology Market Revenue Opportunity (Us$ Mn)

The Ophthalmologic Treatment segment market was valued at US$ XX Mn in 2019 and grown at XX% CAGR over the historic years (2019 - 2027) to reach US$ XX Mn and is projected to grow at XX% CAGR over the forecast period to reach US$ XX Mn by 2027. The market represented the US$ XX Mn opportunity over 2019 - 2027 and estimated to create US$ XX Mn opportunity over 2019 - 2027.

Ophthalmologic Treatment: global Ablation Technology Market Revenue Opportunity (Us$ Mn)

The Orthopedic Treatment segment market was valued at US$ XX Mn in 2019 and grown at XX% CAGR over the historic years (2019 - 2027) to reach US$ XX Mn and is projected to grow at XX% CAGR over the forecast period to reach US$ XX Mn by 2027. The market represented the US$ XX Mn opportunity over 2019 - 2027 and estimated to create US$ XX Mn opportunity over 2019 - 2027.

Orthopedic Treatment: global Ablation Technology Market Revenue Opportunity (Us$ Mn)

The Other Treatments segment market was valued at US$ XX Mn in 2019 and grown at XX% CAGR over the historic years (2019 - 2027) to reach US$ XX Mn and is projected to grow at XX% CAGR over the forecast period to reach US$ XX Mn by 2027. The market represented the US$ XX Mn opportunity over 2019 - 2027 and estimated to create US$ XX Mn opportunity over 2019 - 2027.

Other Treatments: global Ablation Technology Market Revenue Opportunity (Us$ Mn)

The Pain Management segment market was valued at US$ XX Mn in 2019 and grown at XX% CAGR over the historic years (2019 - 2027) to reach US$ XX Mn and is projected to grow at XX% CAGR over the forecast period to reach US$ XX Mn by 2027. The market represented the US$ XX Mn opportunity over 2019 - 2027 and estimated to create US$ XX Mn opportunity over 2019 - 2027.

Pain Management: global Ablation Technology Market Revenue Opportunity (Us$ Mn)

The Urological Treatment segment market was valued at US$ XX Mn in 2019 and grown at XX% CAGR over the historic years (2019 - 2027) to reach US$ XX Mn and is projected to grow at XX% CAGR over the forecast period to reach US$ XX Mn by 2027. The market represented the US$ XX Mn opportunity over 2019 - 2027 and estimated to create US$ XX Mn opportunity over 2019 - 2027.

Urological Treatment: global Ablation Technology Market Revenue Opportunity (Us$ Mn)

05

By Type

By Type, The global Ablation Technology Market analysis covers Cryoablation, Electrical Ablation, Hydrothermal Ablation, Laser/Light Ablation, Microwave Ablation, Radiofrequency Ablation, Ultrasound Ablation.

The Cryoablation segment market was valued at US$ XX Mn in 2019 and grown at XX% CAGR over the historic years (2019 - 2027) to reach US$ XX Mn and is projected to grow at XX% CAGR over the forecast period to reach US$ XX Mn by 2027. The market represented the US$ XX Mn opportunity over 2019 - 2027 and estimated to create US$ XX Mn opportunity over 2019 - 2027.

Cryoablation: global Ablation Technology Market Revenue Opportunity (Us$ Mn)

The Electrical Ablation segment market was valued at US$ XX Mn in 2019 and grown at XX% CAGR over the historic years (2019 - 2027) to reach US$ XX Mn and is projected to grow at XX% CAGR over the forecast period to reach US$ XX Mn by 2027. The market represented the US$ XX Mn opportunity over 2019 - 2027 and estimated to create US$ XX Mn opportunity over 2019 - 2027.

Electrical Ablation: global Ablation Technology Market Revenue Opportunity (Us$ Mn)

The Hydrothermal Ablation segment market was valued at US$ XX Mn in 2019 and grown at XX% CAGR over the historic years (2019 - 2027) to reach US$ XX Mn and is projected to grow at XX% CAGR over the forecast period to reach US$ XX Mn by 2027. The market represented the US$ XX Mn opportunity over 2019 - 2027 and estimated to create US$ XX Mn opportunity over 2019 - 2027.

Hydrothermal Ablation: global Ablation Technology Market Revenue Opportunity (Us$ Mn)

The Laser/Light Ablation segment market was valued at US$ XX Mn in 2019 and grown at XX% CAGR over the historic years (2019 - 2027) to reach US$ XX Mn and is projected to grow at XX% CAGR over the forecast period to reach US$ XX Mn by 2027. The market represented the US$ XX Mn opportunity over 2019 - 2027 and estimated to create US$ XX Mn opportunity over 2019 - 2027.

Laser/Light Ablation: global Ablation Technology Market Revenue Opportunity (Us$ Mn)

The Microwave Ablation segment market was valued at US$ XX Mn in 2019 and grown at XX% CAGR over the historic years (2019 - 2027) to reach US$ XX Mn and is projected to grow at XX% CAGR over the forecast period to reach US$ XX Mn by 2027. The market represented the US$ XX Mn opportunity over 2019 - 2027 and estimated to create US$ XX Mn opportunity over 2019 - 2027.

Microwave Ablation: global Ablation Technology Market Revenue Opportunity (Us$ Mn)

The Radiofrequency Ablation segment market was valued at US$ XX Mn in 2019 and grown at XX% CAGR over the historic years (2019 - 2027) to reach US$ XX Mn and is projected to grow at XX% CAGR over the forecast period to reach US$ XX Mn by 2027. The market represented the US$ XX Mn opportunity over 2019 - 2027 and estimated to create US$ XX Mn opportunity over 2019 - 2027.

Radiofrequency Ablation: global Ablation Technology Market Revenue Opportunity (Us$ Mn)

The Ultrasound Ablation segment market was valued at US$ XX Mn in 2019 and grown at XX% CAGR over the historic years (2019 - 2027) to reach US$ XX Mn and is projected to grow at XX% CAGR over the forecast period to reach US$ XX Mn by 2027. The market represented the US$ XX Mn opportunity over 2019 - 2027 and estimated to create US$ XX Mn opportunity over 2019 - 2027.

Ultrasound Ablation: global Ablation Technology Market Revenue Opportunity (Us$ Mn)

06

By Region

By Region, The global Ablation Technology Market analysis covers Asia-Pacific, Europe, North America, Rest of the World.

The Asia-Pacific segment market was valued at US$ XX Mn in 2019 and grown at XX% CAGR over the historic years (2019 - 2027) to reach US$ XX Mn and is projected to grow at XX% CAGR over the forecast period to reach US$ XX Mn by 2027. The market represented the US$ XX Mn opportunity over 2019 - 2027 and estimated to create US$ XX Mn opportunity over 2019 - 2027.

Asia-Pacific: global Ablation Technology Market Revenue Opportunity (Us$ Mn)

The Europe segment market was valued at US$ XX Mn in 2019 and grown at XX% CAGR over the historic years (2019 - 2027) to reach US$ XX Mn and is projected to grow at XX% CAGR over the forecast period to reach US$ XX Mn by 2027. The market represented the US$ XX Mn opportunity over 2019 - 2027 and estimated to create US$ XX Mn opportunity over 2019 - 2027.

Europe: global Ablation Technology Market Revenue Opportunity (Us$ Mn)

The North America segment market was valued at US$ XX Mn in 2019 and grown at XX% CAGR over the historic years (2019 - 2027) to reach US$ XX Mn and is projected to grow at XX% CAGR over the forecast period to reach US$ XX Mn by 2027. The market represented the US$ XX Mn opportunity over 2019 - 2027 and estimated to create US$ XX Mn opportunity over 2019 - 2027.

North America: global Ablation Technology Market Revenue Opportunity (Us$ Mn)

The Rest of the World segment market was valued at US$ XX Mn in 2019 and grown at XX% CAGR over the historic years (2019 - 2027) to reach US$ XX Mn and is projected to grow at XX% CAGR over the forecast period to reach US$ XX Mn by 2027. The market represented the US$ XX Mn opportunity over 2019 - 2027 and estimated to create US$ XX Mn opportunity over 2019 - 2027.

Rest of the World: global Ablation Technology Market Revenue Opportunity (Us$ Mn)

08

Europe

Based on the Europe, the Ablation Technology Market analysis covers Germany, United Kingdom, France, Spain, Russia, Italy, Rest of Europe.

Europe Ablation Technology Size, 2019-2027 (Us$ Mn) — Europe Ablation Technology Market Size, 2019-2027 (Us$ Mn)

Europe Ablation Technology Market - Historical, Forecast Market Sizes (US$ MN), By Product, 2019-2027

Europe Ablation Technology Market - Historical, Forecast Market Sizes (US$ MN), By Application, 2019-2027

Europe Ablation Technology Market - Historical, Forecast Market Sizes (US$ MN), By Type, 2019-2027

Germany Ablation Technology Market - Historical, Forecast Market Sizes (US$ MN), By Product, 2019-2027

Germany Ablation Technology Market - Historical, Forecast Market Sizes (US$ MN), By Application, 2019-2027

Germany Ablation Technology Market - Historical, Forecast Market Sizes (US$ MN), By Type, 2019-2027

United Kingdom Ablation Technology Market - Historical, Forecast Market Sizes (US$ MN), By Product, 2019-2027

United Kingdom Ablation Technology Market - Historical, Forecast Market Sizes (US$ MN), By Application, 2019-2027

United Kingdom Ablation Technology Market - Historical, Forecast Market Sizes (US$ MN), By Type, 2019-2027

France Ablation Technology Market - Historical, Forecast Market Sizes (US$ MN), By Product, 2019-2027

France Ablation Technology Market - Historical, Forecast Market Sizes (US$ MN), By Application, 2019-2027

France Ablation Technology Market - Historical, Forecast Market Sizes (US$ MN), By Type, 2019-2027

Spain Ablation Technology Market - Historical, Forecast Market Sizes (US$ MN), By Product, 2019-2027

Spain Ablation Technology Market - Historical, Forecast Market Sizes (US$ MN), By Application, 2019-2027

Spain Ablation Technology Market - Historical, Forecast Market Sizes (US$ MN), By Type, 2019-2027

Russia Ablation Technology Market - Historical, Forecast Market Sizes (US$ MN), By Product, 2019-2027

Russia Ablation Technology Market - Historical, Forecast Market Sizes (US$ MN), By Application, 2019-2027

Russia Ablation Technology Market - Historical, Forecast Market Sizes (US$ MN), By Type, 2019-2027

Italy Ablation Technology Market - Historical, Forecast Market Sizes (US$ MN), By Product, 2019-2027

Italy Ablation Technology Market - Historical, Forecast Market Sizes (US$ MN), By Application, 2019-2027

Italy Ablation Technology Market - Historical, Forecast Market Sizes (US$ MN), By Type, 2019-2027

Rest of Europe Ablation Technology Market - Historical, Forecast Market Sizes (US$ MN), By Product, 2019-2027

Rest of Europe Ablation Technology Market - Historical, Forecast Market Sizes (US$ MN), By Application, 2019-2027

Rest of Europe Ablation Technology Market - Historical, Forecast Market Sizes (US$ MN), By Type, 2019-2027

08

Asia-Pacific

Based on the Asia-Pacific, the Ablation Technology Market analysis covers China, Japan, India, Southeast Asia, Australia & New Zealand, Rest of Asia-Pacific.